Latest news with #VeerannaGugulothu
New Indian Express
27-05-2025
- New Indian Express
Retired Hyderabad doctor defrauded of Rs 32 lakh by fake insurance agent
HYDERABAD: A 92-year-old retired doctor from a distinguished Hyderabad family has filed a complaint with Banjara Hills police, alleging that she was defrauded of nearly Rs 32 lakh by a man claiming to be an insurance agent. The victim, who insisted on anonymity, served as the superintendent of Niloufer Hospital during her medical career and retired several years ago. Her late husband was a Lieutenant Colonel in the Indian Army and passed away a few years ago. Her children, a son and daughter, stay in the UK. According to her complaint, a man identifying himself as Veeranna Gugulothu, an agent from Reliance Nippon Life Insurance, visited her residence claiming he was there to assist with policy renewals. He presented what appeared to be legitimate company identification, including an employee and business card. The doctor said that Veeranna requested payment for the renewals and asked for a cancelled cheque, supposedly to deposit maturity amounts. Trusting his credentials, she complied. However, she later discovered that 11 cheques had been issued without her knowledge from two of her savings bank accounts. Her office manager told TNIE that the agent visited the house multiple times and would frequently ask to use her phone, citing reasons such as entering OTPs. Although the cheques did not bear her signature, the agent reportedly managed to withdraw funds in repeated transactions. Accused transferred small amounts to escape notice It was only after reviewing her bank statements that she realised a large sum had been withdrawn without her consent. The total missing amount is estimated to be around Rs 32 lakh. When confronted, Veeranna denied any wrongdoing but later admitted to withdrawing the money, the complaint says. He assured the doctor he would return the amount in instalments, and she agreed. He has since returned approximately Rs 11 lakh but has been ignoring her calls for the past three months. Banjara Hills police said that Veeranna had transferred small amounts into multiple accounts before consolidating them into his own. They believe that a portion of the funds may have been used to purchase land, while the rest appears to have been spent.
Time of India
26-05-2025
- Time of India
Insurance agent forges signature to cheat 92-yr-old doc of Rs 21L
1 2 Hyderabad: An insurance agent has been charged with duping a 92-year-old customer, a retired doctor, of Rs 21 lakh by forging her signature on cheques he stole from her. The accused is absconding The doctor, a resident of Road No. 3 Banjara Hills and a widow of a Lt-Col, in her complaint said that Veeranna Gugulothu (39), a private insurance company agent, had visited her house a few months ago and under the pretext of policy renewal sought a cancelled cheque. But he also allegedly stole some SBI and Canara Bank cheques and forged her signatures to withdraw Rs 32 lakh over multiple transactions. "Upon discovering the unauthorised transactions, I confronted Veeranna. He initially denied the allegations, but later acknowledged the fraud and promised to return the money. He returned Rs 11 lakh. But he has been unresponsive for the past three months," the victim alleged in her complaint. Banjara Hills police registered a case under BNS sections 336 (3) (forgery for purpose of cheating), 316(2) (punishment for criminal breach of trust), and 318(4) (cheating and dishonestly inducing delivery of property).
